The Uniswap community has approved two governance proposals targeting ecosystem expansion under the 'Uniswap Unleashed' framework, advancing the growth of Unichain Layer-2 and the Uniswap v4 protocols.
Uniswap's New Initiatives
The Uniswap Foundation, in collaboration with Gauntlet, has created liquidity incentives to attract users and promote the ecosystem's long-term development. The foundation has proposed $95.4 million for the grants program and $25.1 million for administration over the next two years. A separate incentive proposal includes $45 million for liquidity incentives.
Fund Management and Fee Switch Activation
To manage the funds appropriately, Gauntlet created an Aera vault for the Uniswap Foundation on Ethereum’s mainnet. The reserves reportedly hold over 7.5 million UNI tokens in the vault, equivalent to $52 million at the current rate. The fee switch could potentially redirect a fraction of some protocol revenues currently earned by liquidity providers to UNI token holders.
Expansion of Uniswap v4 and Unichain
Uniswap v4, deployed in January, introduced 'hooks' enabling developers to control specific actions within the decentralized exchange. Recently, Uniswap launched Unichain, a Layer 2 blockchain using the Optimism platform, conducting over 88 million tests.
The adopted measures aim to enhance the capabilities and growth of the Uniswap ecosystem, providing improvements to protocols and increasing platform attractiveness to users and developers.
